February 22, 2012 - 01:30 PM ET

Accor's overall average room rates rose during the past three months, but stalled in January at its midprice and upscale hotels. Those rates for the European hotel operator increased by 3.7 percent year over year in November and by 1.2 percent in December, but were nearly flat in January. Accor reported the figures represent "stable occupancy at a high level and versus high comps" and that there is "no major sign of concern and strong catalysts for growth in many key markets." Accor's 2011 operating profit was up almost 19 percent year over year. Net income was €27 million, down from €3.6 billion in 2010, though the comparison is skewed because of a €4 billion gain in 2010 when Accor broke off its services business.